Does it make sense that the stock went up almost 300% in 2 days?? 7% is considered a good return on your money if you have it invested. 300% in 2 days is insane!! If you thought that the gains would hold you should not be trading!!
Ok, they are merging with Abeona Theraputics who is developing two products, ABX-A and ABX-B, these two products have had positive results in anmals, pre-clinical trials. They have not started studies on people. To get from this stage to FDA approval on average takes 10 to 15 years. The Company will issue to Abeona Therapeutic members a total of 3,979,761 common shares upon closing of the transaction, and up to an additional $9 million in performance milestones, in common stock or cash, at the Company's option. This for Abeona, a company with no earnings and only two products in the pipeline. In my opinion this is an example of irrational exuberance. A classic pump and dump. Soros news combined with a low float started a feeding frenzy, then the release of more news keeps the excitement going. It will not hold it's gains. Give it a week or two and see where it's trading.